Commodity Market Report

Global copper short-term outlook January 2022

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2022 looks set to be another volatile year for copper prices. A confluence of rising geopolitical tensions, inflation and energy costs, as well as the ongoing impact of Omicron on labour availability, is likely to impact the market over the short term. Nevertheless, demand in the world ex-China looks set to remain strong this year, especially over the first six months. This should underpin high prices.

Table of contents

Tables and charts

This report includes 20 images and tables including:

  • LME copper prices vs trade weighted dollar index
  • LME stocks and cash to three backwardation
  • Regional spot premia
  • SHFE, COMEX and INE stocks (kt)
  • Price forecasts and world quarterly supply-demand balance (kt)
  • Concentrate market TCRCs
  • Global copper-in-concentrate stock changes (kt Cu)
  • Production and shipments of copper wire rod and copper semis - kt
  • Global quarterly refined copper consumption - kt
  • 2022 Planned maintenance for Chinese smelters
  • Monthly global imports of copper scrap and electronic scrap (gross weight kt)
  • Blister market RC
  • Global mine production - breakdown by product type (kt copper in concentrate and leach output)
  • Global copper refined consumption (kt)
  • Global copper mine production (kt copper in concentrate and leach output)
  • Global copper smelter production (kt)
  • Global copper refinery production (kt)
  • Copper stocks
  • Copper prices and premia
  • Copper supply-demand balance global summary (kt)

What's included

This report contains:

  • Document

    Global copper short-term outlook January 2022

    PDF 1.07 MB